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Hey everyone, it\u2019s Sean Almeida, CEO of Vestor.Estate. It\u2019s been a while since our last contact, but things have been really crazy on the rental side. In fact, it\u2019s the busiest I\u2019ve seen since 2013, which feels really good. It seems like the market is coming alive again, and every time I post something, it feels like we\u2019re getting even more business. Let\u2019s start our Kyiv market update!<\/p>\n
On the rental side, what\u2019s happening is that all of these organizations, like humanitarian groups, NGOs, the UN, and the Red Cross, are starting to send people over to our area. Most organizations send people to multiple places, so it\u2019s already happening. We had a couple of dozen places rented out and managed and a few vacant places where we were looking for tenants when the war started.<\/p>\n
Of course, when the war started, most of those places became empty over time. We probably lost 80% of our tenants. We had a bunch of empty places at one time, which is unusual for us. Usually, it\u2019s mostly occupied with just a few vacancies. But after the war, we had tons of places, and the market was dead. Nobody was coming, and there was a lot of uncertainty.<\/p>\n